The Royal Bank of Scotland (RBS) has appointed Jeffrey Howard as head of Prime Services for the Americas, based in Stamford, Conn. Howard will be responsible for Futures & Options, Prime Brokerage, OTC Derivatives Client Clearing, Futures DMA Sales and Mandate Sales.
Howard most recently was head of Futures Execution Sales for the Americas in Bank of America Merrill Lynchs Global Futures and Derivatives Clearing Services Group. Before that, he was head of Futures Sales and Marketing at the firm.
RBS also appointed Garry OConnor as head of OTC Client Clearing for the Americas. OConnor also will be located in Stamford and report to Howard and to Ramasamy Venkatesh, global head of Prime Brokerage and OTC Client Clearing.
OConnor will be responsible for developing RBSs OTC Derivatives Clearing business in the Americas and helping clients to meet the future regulatory requirements.
OConnor most recently was CEO of International Derivatives Clearing Group (IDCG), a central clearinghouse for OTC interest rate swaps. He has also served on the Federal Reserve Bank of Chicagos Working Group on Financial Markets and the Commodity Futures Trading Commissions (CFTC) Technology Advisory Committee.
We are pleased to welcome Jeff and Garry to our team, says Fabian Shey, global head of Prime Services & Client Execution. Their depth of industry experience and knowledge underscores our commitment to help our clients meet the demands of todays evolving regulatory environment and market structure. As we continue to make significant strategic investments in people and our platform, the Prime Services & Client Execution business is forging deeper relationship with clients to grow RBS franchise.
(CG)